Hi All your personal assets are taking into account if you declare,or are declared,bankrupt or enter into an IVA It is no different to someone owning a holiday home in another country,it would be unfair,and illegal,to hide an asset once insolvent. Regards HI ANDY.I HAVE ANOTHER QUESTION ,IF YOU COU...

[quote] Originally posted by MelanieGiles Your property abroad has to be declared because it is an asset and to fail to declare it would lead to a material misrepresentation on your part which no reputable IP is going to join into. I do not think that it will make any difference to the outcome of an...

hi melanigiles.thanks for your advice .you have been of great help.if i need you for more advice or your help i will come back to you.

hi andy.thanks for advice.it has been helpful.if i need more advice and help i will email you back through this forum.

hi melaniegiles.thanks again and again.the property in seychelles is not rented and doesnt produce any source of income. the concern is that my mortgage is with one of the high street bank.and my unsecured loans between me and mrs is with the same bank(£35k).so will they accept an iva thanks for let...

hi again melaniegiles.thanks for prompt reply.but what i understand is that in an iva ,as long as you are making payment on time your house is not in danger compared to bankruptcy. but the only 2 things i would like to know is that ,is there any chance my mortgage lender with whom all the unsecured ...

hi melani.thanks for your reply.well am originally from seychelles island in the indian ocean.my property there is worth £40,000. i bought my house in london for £231,ooo. i put down £35k deposit.last year.which i borrowed from family and friend.then i took a £35000 secured loan to pay off the depo...

hi melani.thanks for your reply.well am originally from seychelles island in the indian ocean.my property there is worth £40,000. i bought my house in london for £231,ooo. i put down £35k deposit.last year.which i borrowed from family and friend.then i took a £35000 secured loan to pay off the depos...

I AM FACING DEBT PROBLEM.ME AND MY MRS ARE FOREIGN NATIONAL HAVING BEEN IN UK FOR 4 YRS AND A HALF.WE DONT HAVE PERMANENT RESIDENT.EACH YEAR WE HAVE TO RENEW OUR VISA.WE BOUGHT A HOUSE LAST YR IN LONDON.IT WAS £233,000.WE PUT 33K DOWN AS DEPOSIT.THE 33K WE GOT FROM RELATIVES AND FRIEND.WE ALSO TOOK ...